[ET Net News Agency, 23 December 2021] Huobi Technology Holdings Limited (01611) said
the company and Astana International Financial Centre (AIFC) entered into a non-legally
binding memorandum of understanding (the MOU) in relation to a potential cooperation in
matters relating to innovation and digital assets, pursuant to which AIFC and the company
agreed to cooperate in a mutually supportive relationship and to leverage their respective
resources with a view to bring strong synergy to both parties.
The MOU shall continue in force for a period of 3 years from 22 December 2021, unless
terminated by either party by giving the other one month's prior notice in writing. Under
the MOU, the company intends to achieve certain goals in relation to digital assets which
include, among others, the establishment of a digital assets trading platform to provide
services to users globally and in particular in the Eurasian region, Commonwealth of
Independent States (CIS) and the Middle East, the establishment of a digital assets bank,
the setting up of digital assets mining farms and the setting up of a digital assets
mining pool, and AIFC intends to provide support and assistance to the company in relation
thereto, which include, among others, obtaining relevant regulatory permissions from AIFC
bodies regarding the company's digital assets businesses, supporting the relation with and
the procurement of investment contracts with the government of the Republic of Kazakhstan,
establishing connections and providing media resources for promoting the company's
business in the Republic of Kazakhstan. (RC)